๐จ BREAKING CRYPTO STORY โ MASSIVE BITCOIN ERROR AT BITHUMB ๐ฐ๐ท South Koreaโs 2ndlargest exchange accidentally credited users with 620,000 BTC (~$40 bn) during a promotional event โ far more than intended.
๐ The event (Feb 6, 2026): โข Bithumb meant to give users a small reward in Korean won (~โฉ2,000 โ $1.40). โข Instead, due to a clerical unit entry mistake, the system credited 620,000 BTC into hundreds of accounts. โ ๏ธ The error briefly allowed phantom Bitcoin ๐ to appear on balances and even trade in the internal order book, causing a price slump of up to ~17 % on Bithumb before it froze trades and withdrawals.
๐ RECOVERY & IMPACT โ Bithumb recovered ~99.7 % of the 620,000 BTC after freezing accounts and reversing the credits โ most of the phantom BTC disappeared from the system. โ About 1,788 BTC (~$125 M) were sold / withdrawn before the freeze, and roughly 125 BTC (~$9 M) remain unrecovered. โ Regulators view the incident as a systemic risk issue, leading to investigations and emergency hearings by South Koreaโs Financial Supervisory Service (FSS).
๐ Officials have said the glitch isnโt a hack โ it was a human + system control error, exposing deep weaknesses in internal exchange accounting and verification processes.
๐ KEY TAKEAWAYS โข A simple data entry error turned into a ~$40 bn crypto mistake. โข Nearly all funds were recovered, but a small portion remains unrecovered. โข Regulators are holding hearings & probing exchange safeguards. โข The case highlights risks of internal controls on centralized platforms.
๐จ US MILITARY SHOTS DOWN IRANIAN DRONE NEAR USS ABRAHAM LINCOLN
๐บ๐ธ A U.S. F-35 fighter jet intercepted and destroyed an Iranian Shahed-139 drone that approached the American aircraft carrier USS Abraham Lincoln in the Arabian Sea ๐ธ๐ฆ.
๐ The drone was flying toward the carrier before being engaged.
๐ No injuries reported.
๐ Incident confirmed by U.S. officials to Reuters and other outlets.
๐ Context: This occurred as Iranian naval activity and drone operations have increased near major waterways, raising U.S.โIran tensions.
๐ฅ Solana Chain $SOL โ 121 B ๐ฅ BNB Chain $BNB โ 5.6 B ๐ฅ Tron $TRX โ 3.2 B 4๏ธโฃ Near โ 1.9 B 5๏ธโฃ Aptos โ 1.9 B 6๏ธโฃ Stellar โ 1.5 B 7๏ธโฃ Polygon โ 1.4 B 8๏ธโฃ Injective โ 1.4 B 9๏ธโฃ TON โ 839 M ๐ Ethereum โ 524 M
๐ Measured by total on-chain transactions in 2025 Same methodology across all networks
๐ Quick Note: High transaction count โ real network usage and adoption. Solanaโs 121B dwarfs most others by a wide margin.
The man who predicted the 2008 Housing Crash is back with another MAJOR warning ๐
๐ 2008: Michael Burry shorted the subprime mortgage market when no one believed him โ and the crash proved him right.
๐ค 2025: Burry now warns that the AI & Tech sector may be in a massive bubble, driven by sky-high valuations and accounting tricks. He has even placed put options against major AI stocks.
โ ๏ธ Is history about to repeat???
Burry thinks the market is ignoring real risks again.
โ
๐ถ Post by : Aswath Ravindran ๐ถ Stay informed. Stay ahead.
๐จ BREAKING: ๐บ๐ธ Federal Reserve holds interest rates steady at 4.25% - 4.50% for Fifth consecutive time.
๐๏ธ As widely expected, the Fed chose not to cut rates during its latest policy meeting.
๐ฌ Jerome Powell reiterated that while inflation is easing, the Fed is not ready to cut until stronger signs of economic slowdown or sustained price stability emerge.
๐ Traders now await signals for potential cuts in Q4 2025, as pressure mounts from markets and political figures.
๐จ JUST IN Emirates partners with Crypto.com for crypto payments ๐โ๏ธ
๐ฆ๐ช Emirates airline has signed a preliminary agreement with Crypto.com, paving the way to book flight tickets using Bitcoin and other major cryptocurrenciesโstarting next year. Dubai Duty Free is also joining the initiative, aligning with Dubaiโs D33 vision to become a leading digital economy hub. ๏ฟผ ๏ฟผ ๏ฟผ
๐ That meansโyesโyouโll soon be able to book Emirates flights with crypto! A major leap in travel payments for tech-savvy tourists.
โธป
๐ซ What This Means : โข ๐ Seamless crypto payments for flights & shopping โข ๐ณ No need to convert to fiatโjust pay directly โข ๐ฐ Rewards and exclusive deals via Crypto.com Card
Elon Musk launches a new political party in the U.S. ๐ณ๏ธโก๏ธ
๐บ๐ธ Amid growing tension with President Trump, Elon Musk has officially announced the formation of a new political party โ marking a seismic shift in the American political landscape.
๐ฅ This move follows a heated public fallout, where Trump criticized Musk, and Elon responded with bold accusations and calls for political change.
๐ง The new party is expected to prioritize:
=> Free speech & censorship resistance => Crypto and blockchain adoption => AI regulation & innovation => Economic independence from legacy systems
๐ข โWithout me, Trump would have lost the election,โ Musk had said โ hinting at long-brewing friction now erupting into political action.
๐ง This is a first-of-its-kind political leap by a tech billionaire with influence over financial markets, crypto, and media.
๐ข JUST IN: Bitcoin overtakes Google to claim the 6th spot among global assets
๐ With a market cap now at $2.13T, Bitcoin ranks just behind gold, Nvidia, Microsoft, Apple, and Amazonโsurpassing Alphabet to seize the sixth position.
๐ Top 10 Largest Assets in the World by Market Cap ๐ฐ๐ (Including Companies, Commodities & Crypto)
๐ TOP 10 LARGEST ASSETS IN THE WORLD (By Market Cap) ๐๏ธ As of Today
7๏ธโฃ ๐ Google (Alphabet) ๐บ๐ธ โ $2.10 Trillion 8๏ธโฃ ๐ฅ Silver ๐ โ $2.02 Trillion 9๏ธโฃ ๐ Meta (Facebook) ๐บ๐ธ โ $1.83 Trillion ๐ ๐ข๏ธ Saudi Aramco ๐ธ๐ฆ โ $1.57 Trillion ๐ BTC is now the 6th largest asset in the world!
๐ง Compiled by: Aswath Ravindran
๐ข Bitcoin has flipped Google!
Crypto is now side-by-side with global giants ๐ฅ
Cybersecurity firm Kaspersky confirms that SparkKitty malware has infiltrated iOS & Android appsโeven in official stores like App Store & Google Playโto secretly steal gallery images. The goal: grab screenshots of crypto wallet seed phrases.
How to Protect Yourself: โ Donโt store seed phrases as screenshotsโwrite them on paper. โ Only install verified apps from trusted developers. โ Use antivirus tools and enable Play Protect.
Stay safe and always double-check permissions! ๐
๐จ 8:00 AM EST ๐บ๐ธ President Trump says he's "very disappointed" with Elon Musk. ๐จ 8:25 AM EST Trump says: "I donโt know if Iโll continue to have a great relationship with Elon." ๐จ 9:00 AM EST Trump adds: "I asked Elon to leave, and he just went CRAZY." ๐จ 9:40 AM EST Trump: "The easiest way to save moneyโฆ is to terminate Elonโs governmental subsidies & contracts." ๐จ 10:10 AM EST
๐บ๐ธ Elon Musk fires back: "Without me, Trump would have lost the election." ๐จ 10:50 AM EST Musk drops a bomb: "Trump is in the Epstein files. Thatโs why theyโre not public." ๐จ 11:30 AM EST President Trump says he doesnโt mind Elon turning against him. ๐จ 12:00 PM EST BREAKING: Elon Musk agrees Trump should be impeached, endorses JD Vance as a replacement. ๐จ 1:00 PM EST Musk warns: "Trumpโs tariffs will cause a recession in the second half of 2025."
๐ MARKET IMPACT โ Tesla $TSLA plunged 14% ๐ โ Teslaโs Market Cap: $150+ Billion wiped out โ Elon Muskโs Net Worth: dropped by $34 Billion โ ๐ป Crypto Liquidations: $285M liquidated in 60 mins due to market panic.
๐ง This rare public clash between a former President and one of the worldโs wealthiest men has sent shockwaves across financial and crypto markets.
JPMorgan to Accept Bitcoin & Crypto ETFs as Loan Collateral
๐ In a landmark decision, JPMorgan Chase will allow clients to use Bitcoin and crypto ETFs, starting with BlackRockโs iShares Bitcoin Trust (IBIT), as collateral for loans.
This policy shift treats digital assets similarly to traditional assets like stocks and real estate in wealth management evaluations.
Donald Trump to Launch Crypto Wallet & Trading App
๐ฑ Trump Media & Technology Group is set to introduce a new crypto wallet and trading platform. The app will support Trumpโs own memecoin, $TRUMP , along with other popular cryptocurrencies. ๏ฟผ ๏ฟผ
๐ค Developed in partnership with Magic Eden and powered by Slingshot, the platform aims to provide a seamless crypto experience for users. ๏ฟผ